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<br /> . . . � . , 8. All fitNre ndvances trom Seneficiary to Tn�stor or oth�fudne obligations of't'iustor to Eene�ciary uader any �_ `,�.,. .
<br /> ��r :-. • . pmmissory nase.caauast.9iaraatY.or otbez evideaee of deDt exLstia�now or eaerated after this Dced of Tn�st =�¢```4„',:�',.
<br /> . whether ox aot this Deed of Teust is speciRcally referred co in the ev�de¢ce of deb� °. '
<br /> s ,° . - C. AU obligatlons Trustor owes to�eaeSciary. which no�v eidst or may iater arise. w the exteac not pzobibited Dy �- � _:'. : ;
<br /> � ti,,., �.,.�,. �a�t i...i►w{ en l i o fi i l i ti s w f n r nvarA r s�f t a _r s+�AtiAO tn 8AY d�OS�t &00071�t a¢I�i1EOt H�UBCII - _ ` __ -
<br /> •. ( � I�{<< �TII1SLOf Blld aB�CI8lSI� w• y � � '�.
<br /> D. All addittonal smms advanced and expenses inc�tred by Beneficiary for ins�uFa�,Dre�ving or otherwise prote�ng l ` :� ,_:
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<br /> � . the Property and its value aad any other sums advaaced�d expensea incarced by Beneficiary under the terms af � } . �
<br /> . .' � ` ' � this Deed of Ttust,Plns lnterest at the highest rate ia effect. fmm time w time.as pmvided in the BvIdence af . , . �
<br /> �`� . Debt. '
<br /> -�..
<br /> E. 'tlmstor's perFormance under the te:ms of any iastr�eat evid$acing a debt by Trast6r to Beaeftclary aad any gTeea -
<br /> ` y:` `��.° .V��` of Tiast secuiing.guaraatyinS,or otherwise relating w the debi. -
<br /> . _. . • ��:�. .:.: ��,-.-
<br /> r � If mnre than one�ee�son sigas tbis Deed of Tsnst ss Tmstor,each Tmswr agre�that this DePd of Tn�st will sewre ail , ., '`�.�:� .�.._°=
<br /> : v so � � :;.
<br /> fapue advanca and futu�+e obHgatioas descn'tied above that are given to or inco�ed by say one or moie Truswr.or aay �,r ,��:--
<br /> - .. • ' � one or more Tn�swr aa�atheis.'A►is Deed of Tmst w�7i aot seaue any Qttier d�t if�eneSciary fa�s.with�esp nottoe of ''`" -^ - _ �
<br />-� ','` �' I .' .� , other debt,to make any reqaiied disclos�ue a�out this De�of Tra�t oF if Ba►eficiarY.fails to 8�ve any required n - ,.
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<br /> '` the r�ght of resclssion.
<br /> - 5. PAYIlI�NTS.Ttuswr agiees to make all paymeats on the Secaied Debt when dae and"m accordaztce with tlte terms of the ' -
<br /> � � _ Evidence of Debt or this Deed of Tn�st. - �
<br /> - � - �-, . �� ,,.�;.
<br /> .:•'�.,,� : . .:��.? b. WARRANTY OF�iTLL.Tnistor wveaants that Trastor is lawfiillY sei�of the estate oomreyed by this Deed of Tmst -._=; �
<br /> .` . :, and bas the right to irievocablY gra�b�nvey and seU to Trustee.ia trust,ari[h power of sate.the ProPertY aad warraats .; -r.
<br /> ` . thaz the Prap is un�cwnbere�l,exceAt far encumhrances of�ecozd. ',�-
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<br /> ' � . �` >r �, 7. CI.AIMS AGAIl�iST TrTi�.Trastar w�l pay all tanes,ass�ts.liens,�anees,lease paym�is.gr'..�t'!ients. ._
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<br /> ut�ities,and e�7s.�cbarges relating to the Pr�rcy when dae.BeneSclarY ma7+r�re Tn�swr ta p:ovide to Senesficiarg� . —
<br /> ` .. .y .'. � �.�� cupies of all nd�ces that sach amounts are�aud the receipts evidene3nS Trustor's PaYment•Truster w�71 defend title Lo - --
<br /> ��F�Y�a4Y claims t�at woutd impair the lien of diis DePd of Trast.Trastos agrees w�to BeIIeficissy.� ,��` , -
<br /> . . :equested by•BeneScIary, a�►Y n8hts. claims or defeases whic�TrusYOr may have agaiust Parties �PP Y 4 � m�
<br /> ,� , materials to imFmve or mamtain the ProP�Y• _ --
<br /> ` '� ' 8. PRIOA SE�CU�'F INTF•FiES'I`8.Wit��ard w any other mortgage, deed of tr�st,s�urity a�rae�eat or other Iiea �, -
<br />= - doamnent that crsaied a prIor security mt�¢st or ena�mbrance on the Pre�rerty and that may have puorlty over thts Deed �^_
<br /> ` of Trast,Trustor ag�ees: �1
<br /> , ' � A. To make all payma►ts when due and m perform or comply with aU covenants. u
<br /> , . • ..� B. To pmmptly deliver to Beaefisiary any notices that Trustor receh+es fmm the holder. R. -.•..' ._-
<br /> • � C. Ttot to make or peimit any madification or extension of,and not w request or accept any fuwre advances�mder anY r.,;�,�.�'� ._
<br /> - . ��'�,' ` . note or agreement secar�d by.the other mortgage.deed of ttust or seauity agre�ent unless Beneficiary coasenta _-_-
<br />= , in writing. • r,�'-:-�
<br />^,�� � 9. DUE ON�ALE OR ENCUIV�RANCE.Beneficiary may,at its option,declaze ttio entire ba2ance of the Seaued Debt w ' ';;t%�_
<br /> .. . , 6e iffinediately due and payable upaa the cs+eation of any llea,eaaunbrance,trensfer,os sale,or conttacx for aay oY tttese _. � ��ti'_::'w;°;,�
<br /> . ,,, . oa ttte Property. However, if the Property includes Ttuswr's residence. this section sbatl be subject to the restiictiona �--
<br /> � . imposed by federal taw(12 C.F.R.591),as applicab2e.For the purpases of this seaion,the temi"Property"also inctudes �,:,_�,,, _�
<br /> r � • auy interest to ali or aay part of the Progerty.This wvenant shall tua wlth the Property and sLaU:emain in effect untll the .
<br /> • � . Sec�ued Debt is paid in full and this Deed of Trast is released. � � .. ..r.�, ,..'_-
<br /> -� � .. � : 10.TRANS�EIL OF AN IIVTERE�T IN'I'�GRANTOIL. If Tcustor is an endty other thaa a natnral persoa(sueb as a -`;-:�:'_ ;
<br /> SR
<br /> • corporation or other organization), Benefici�azy may demand lmmediate payment if(1)a beneficlal interest in Trustos is � •_�
<br /> • � • sold or traasferred;(2)there is a change in eaher the ideatity oi mmtber of inembe�s of a parmeis�ip:or(3)there is a . �---_
<br /> ' ,` � change in ownezship of more tl�an 2S perceat of the voting stack of a oorporation.However,Ben�ficiary may not demand ° •��_
<br /> , .: .-
<br />_ �� ' °�'_ payment ia the above situations if it ia prolu'bited by law as of the date of this Dced of'IYust. --
<br /> .. .. � ���' 11.ENl'ITY WAL�L4A1�STIL�S AND ItEPItESENTATIONS. If Tsuswr is an entity other than a natnral person(sucli as a .
<br /> , . " . � COipOI2l�OII OI Othe!Oigitn173tiOD),Tn�stor makes to BeneAcia�y the following warranfles and r�resentations whlcli shaU .- - .
<br /> • � �, be continuing as long as the Secured Debt remains outstandin�: . , „ .
<br /> ` � . ; � �' � A. Tnistor is an entity which is daly organized aud validly existing in the Trustor's state of incotporation (or � �� �.
<br /> . � • ! organization).Tiustor is in good standing in all states in wluch Taastot transacis business.'Pn�stor has the power .. .
<br />: , � _ - and aur�ority to own the Prapertg and to carry on its buslness as now being canduexed and, as appllcable. is .. �
<br /> . .. . qualified to do so in each state in w'�ich Trustor opeiates. � . •
<br /> • B. 7he exerution, delivery und perform�ce of this Deed of Trust by Trustor and the obligation evidenoed by the . ;
<br /> • � Evidence of Debt are within the power of Tmstor, have been dnly authorized, have received all necessary ,
<br /> .,' govemtnental appmval,an,d will not violate any provlsion of law.or order of court or govemmental agency.
<br /> • . C. Other than disclosed in writing Tnistor has not chaa�ed its name withia the last ten years and has not used any , .
<br /> • - � � other trade or ftctitious name.Without Beneficiary's prior wrltten wnsent,Trustor does not and will not use any . ,
<br /> . �� , '. : other name and will preserve iu existing name,trade names and franchises nntil the Secured Debt is satisfied. . .
<br /> ' • • � 12.PROPERTY COPIDPI'I0�1, ALTERATIONS AND INSPECTION.Tanstor will keep the Property ia good condit�on � • .
<br /> : �. � .; and make a11 repairs that are reasonably necessary.Tnistor will give Beneficiary prompt notice af aay loss or d�nage to . � : . '
<br /> � � • .. ; the Property.Trustor wi11 kcep the Property free of noxious weeds aad grasses.Trustor will not'i^.itiate,join in or consent
<br /> ' �.� to any clianoe in any private resuicHve covenant. wning ordina�ca ar other publlc or priv��ae resuiction limlting or . .
<br /> � . � defin9ng the as,.s which may be made of the Property or any part ef the Property,vt+�thout t�nc:ticiary's prior wtitten
<br /> � � - � wnsent. Trustor wili notify Beneficiary of all demands, proceedings, claims. and actions against Tn�star or any oiher
<br /> - • �• I owaet made under law or regulation tegardiag use,o�mership and occupancy of the Property.Trustor will coa�Iy with all �
<br /> r• ,'�. : j 2ega1 requirements and restrictions,whether public or private.with respect to the use of the Property.T:ustcr aiso agras - � •. -
<br /> - . . � that the nature of the occupancy and use will not change without Beneficiary's prior written eansent.
<br /> . - . -.� No portion of the P'roperty will be removed,demolished or materially altered without Beneftciary's prtor written consent _� . .
<br /> except that Trustor has the ri�ht to remove items of personsil pmperty wmprising a part of the Property that become wom
<br /> , - ' . ' . . PagB 2 016 -- —---
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<br /> � - ! 9 t 993 Bankcry Svstem9,Inc.St C�ouA.MN 11�804397�23411 iotm AGiCO�DT•NE 9/73/98 � - .
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